OLD Mission Capital LLC lessened its holdings in Nio Inc - (NYSE:NIO - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,719 shares of the company's stock after selling 229,129 shares during the period. OLD Mission Capital LLC's holdings in NIO were worth $1,281,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock valued at $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after purchasing an additional 538,907 shares during the last quarter. SG Americas Securities LLC raised its holdings in NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after buying an additional 589,082 shares during the last quarter. Swedbank AB boosted its position in NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company's stock worth $4,657,000 after buying an additional 9,000 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in NIO by 27.7% during the 4th quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company's stock worth $3,165,000 after acquiring an additional 157,333 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NIO. Mizuho cut their price target on shares of NIO from $5.00 to $4.20 and set a "neutral" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup lowered their price objective on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research report on Monday, March 24th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NIO currently has an average rating of "Hold" and a consensus target price of $5.17.
Read Our Latest Analysis on NIO
NIO Trading Down 7.6 %
Shares of NIO stock traded down $0.29 during trading hours on Friday, hitting $3.46. 77,362,171 shares of the company were exchanged, compared to its average volume of 56,077,832. The company has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.77. The firm has a market cap of $7.21 billion, a P/E ratio of -2.29 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc - has a fifty-two week low of $3.20 and a fifty-two week high of $7.71.
NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the company earned ($2.81) earnings per share. NIO's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts anticipate that Nio Inc - will post -1.43 EPS for the current year.
NIO Company Profile
(
Free Report)
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.
Recommended Stories
Before you consider NIO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIO wasn't on the list.
While NIO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
